Perfect lifestyle opportunity with additional option of running motel passively | Resort Brokers ID : FH007504
$1,550,000
Motel (Freehold) hospitality, KARUAH NSW
ResortBrokers are excited to present to market this beautiful six-key motel with a two-bedroom apartment in the heart of Karuah, the home of the best oysters on the coast.
This motel presents as a great opportunity for someone looking for an easy-to-operate motel business and to live a relaxed, balanced life in the beautiful coastal town of Karuah.
All rooms have been updated alongside a bright, modern, fully renovated two-bedroom apartment which can be converted to an additional guest room should you wish to run the motel passively.
With high demand in the area and limited accommodation options, this motel runs at high occupancy rates and is the perfect stopover for holidaymakers or workers.
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- Easy to operate six-room motel
- Rare opportunity to run the motel passively
- Well-presented and recently upgraded rooms
- Strong repeat bookings
- Cleaning contractors happy to remain in place
- Great work/life balance opportunity
- Rent out the owner's residence for $24,000 extra income
- Back room can be updated for a potential extra key
- Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $1,550,000
- Net Income: $ 189,242
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
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Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?